Chen has recently moved from Montreal to Toronto to help his daughter and her husband with their new business. Chen has purchased a large home for his family, which includes his wife, his elderly mother, his 35 -year-old daughter and her husban and his two grandchildren. After purchasing insurance, he has some questions about the statutory conditions in his homeowners policy because he knows that insurance is a little different outside of Quebec. a. In the event his mother passes, Chen and his wife may decide to retire to Thailand. In that case, he would plan to transfer the title of their home to their daughter and her husband. Explain how the statutory conditions would affect this decision to change Chen's interest in the property. ( 5 marks) b. Chen wants to ensure he understands what to do in the event of a loss. Explain the statutory condition of requirements after loss. (5 marks) c. Chen would like to know if it will be possible to cancel his policy and whether he can be refunded. Explain how the termination statutory condition works